TD Ameritrade Holding Corp. (AMTD) Shares Sold by Point72 Asset Management L.P.
Point72 Asset Management L.P. decreased its stake in TD Ameritrade Holding Corp. (NASDAQ:AMTD) by 87.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 239,400 shares of the financial services provider’s stock after selling 1,641,949 shares during the quarter. Point72 Asset Management L.P.’s holdings in TD Ameritrade were worth $13,112,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Summit Trail Advisors LLC lifted its position in TD Ameritrade by 6,041.6% in the 1st quarter. Summit Trail Advisors LLC now owns 171,903 shares of the financial services provider’s stock worth $172,000 after buying an additional 169,104 shares in the last quarter. First Mercantile Trust Co. purchased a new stake in TD Ameritrade in the 1st quarter worth approximately $186,000. Symphony Asset Management LLC purchased a new stake in TD Ameritrade in the 1st quarter worth approximately $214,000. Cigna Investments Inc. New purchased a new stake in TD Ameritrade in the 1st quarter worth approximately $217,000. Finally, Jump Trading LLC purchased a new stake in TD Ameritrade in the 1st quarter worth approximately $227,000. Institutional investors own 90.96% of the company’s stock.
In other news, EVP Peter J. Desilva bought 5,000 shares of the stock in a transaction that occurred on Tuesday, August 21st. The shares were acquired at an average cost of $56.73 per share, for a total transaction of $283,650.00. Following the purchase, the executive vice president now owns 24,000 shares of the company’s stock, valued at approximately $1,361,520. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.44% of the company’s stock.
TD Ameritrade (NASDAQ:AMTD) last posted its earnings results on Monday, July 23rd. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. TD Ameritrade had a net margin of 24.42% and a return on equity of 21.71%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the business posted $0.44 EPS. TD Ameritrade’s revenue was up 48.4% compared to the same quarter last year. research analysts forecast that TD Ameritrade Holding Corp. will post 3.29 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 21st. Investors of record on Tuesday, August 7th were paid a $0.21 dividend. The ex-dividend date was Monday, August 6th. This represents a $0.84 dividend on an annualized basis and a yield of 1.51%. TD Ameritrade’s payout ratio is presently 45.65%.
A number of equities research analysts have issued reports on AMTD shares. BidaskClub upgraded shares of TD Ameritrade from a “hold” rating to a “buy” rating in a research report on Thursday, August 30th. Jefferies Financial Group restated a “hold” rating and set a $62.00 price target on shares of TD Ameritrade in a report on Friday, July 13th. Keefe, Bruyette & Woods restated a “buy” rating and set a $68.50 price target on shares of TD Ameritrade in a report on Tuesday, July 24th. Barclays raised their price target on shares of TD Ameritrade from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday, July 12th. Finally, Bank of America set a $67.00 price target on shares of TD Ameritrade and gave the company a “buy” rating in a report on Wednesday, July 25th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. TD Ameritrade presently has a consensus rating of “Buy” and a consensus target price of $65.19.
TD Ameritrade Profile
TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors, traders, and independent registered investment advisors (RIAs) in the United States. Its products and services include tdameritrade.com, a Web platform for self-directed retail investors; Trade Architect, a Web-based platform for investors and traders to identify opportunities and stay informed; thinkorswim, a desktop platform for traders; and TD Ameritrade Mobile, which allows on-the-go investors and traders to trade and monitor accounts.
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